Plowshares Theatre Company

Analysis

Plowshares Theatre Company is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Plowshares Theatre Company reported income of $155k and spending of $332k, spending 213% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $265k to $155k (-41%), an average of -41% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Plowshares Theatre Company sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Star Light Community Theater Inc ($155k), Friends of Vicksburg Military Park and Campaign Inc ($155k) and Crisp Point Light Historical Society ($155k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. At year end it held assets of $61k against liabilities of $45k, net assets of $16k.